More heavy lifting for Bank of America Corp. (NYSE:BAC)?


Equity ownership in Bank of America Corporation (NYSE:BAC) is spread out. As per the latest figures, insiders own 0.10% of the company. That compares with institutional ownership of 69.00%.

In terms of transactions along the lines of equity ownership, the company has seen 0.50% insider transactions and -0.63% institutional transactions in the recent months.

The Barchart Technical Opinion rating is a 32% Buy with a Strengthening short term outlook on maintaining the current direction. Longer term, the trend strength is Minimum. Long term indicators fully support a continuation of the trend.

Recently, Bank of America Corporation (NYSE:BAC) today to announce the bank will be the lead anchor tenant at 110 North Wacker Drive, a new world-class office building on the Chicago River. The agreement completes the next milestone in the highly-anticipated 51-story downtown building, a collaboration between The Howard Hughes Corporation, joint venture partner Riverside Investment & Development, architect Goettsch Partners and agency representative CBRE.

Bank of America Corporation has 10.10B shares outstanding of which 9.94B float. The short float is 1.05%, implying a short ratio of 1.10.

In terms of stock price performance, shares of Bank of America Corporation have moved 1.48% over the last one week and have moved 3.01% over the last one month. Stock performance for the last one quarter is 3.95% and for the last six months is 46.37%. Over the last 12 months shares of Bank of America Corporation have moved 72.34% and their movement so far this year is 8.75%.

What has Bank of America Corporation produced for investors over the last 12 months? The company?s financial documents reveal return on assets for the trailing 12 months is -% and return on equity for the same period is -%. Return on investments for the last 12 months stands at 4.60%.

Where does Bank of America Corporation stands in terms of liquidity and balance sheet strength? The company’s Long Term Debt/Equity and Total Debt/Equity ratios for the most recent quarter are 0.78 and 1.86, respectively.

Other performance indicators worth keeping in mind in this stock is that its P/Cash for the most recent quarter is 0.38.

Analysts who have weighed on the stock have an average price target of $26.05 on it and average recommendation of 2.10.